Which characteristic does not help define a monopoly?
A) no close substitutes
B) price-making behavior
C) firm is the industry
D) mutual interdependence
E) firm's demand curve is market demand curve

Question

Quizplus · Accepted Answer

Mutual interdependence is a characteristic of oligopolistic markets, not monopolies. In a monopoly, there is only one firm dominating the market without any competitors, so there's no need for mutual interdependence.

Which Characteristic Does Not Help Define a Monopoly